Spokespeople for the White House and the . In separate statements, China Mobile, China Telecom and Unicom said they will continue to monitor developments. The about-face, described as “bizarre” by a Jefferies Financial Group Inc. analyst, also whipsawed investors who on Monday had sold shares of the Chinese telecom companies and raced to bet on which stocks might be delisted next. Leading telecoms service operators, which refer to operators that control vital telecoms infrastructure, have a relatively large share of the telecoms market and can materially influence the market entry of other telecoms business operators, may not refuse interconnection requests from other telecoms business operators and operators of dedicated networks. Sanctions include revocation of telecoms licences, shutdown of business and blacklisted by the authorities for (at least) three years. “Some funds that had an obligation to unload these shares will now need to buy them back. Bloomberg LP, the parent of Bloomberg News, also compiles stock and bond indexes. Regulatory authority. Have a confidential tip for our reporters? In other words, such reseller will require a VATS licence. Petitioner China Telecom (Americas) Corporation (“China Telecom”) provides communications service under the Commission’s blanket authorization for domestic transmission lines and under two international Section 214 authorizations granted by the Commission. At 11.15am, Bharti … The Big Board gave no reason for its decision in a statement released during Asian hours, saying only that it had consulted “relevant regulatory authorities” about Trump’s executive order, signed in November as part of his administration’s push to check China’s growing economic power. Read more: China Mobile May Dodge Index Exclusion After NYSE U-Turn. However, in practice, this is much more restrictive than the rules would suggest. In separate statements, China Mobile, China Telecom and Unicom said they will continue to monitor developments. China Telecom. The company’s NYSE-listed shares were up 9% at 11.17 a:m. in New York, while China Unicom’s U.S. shares surged 14%. VATS refers to the telecoms and information services provided through public network infrastructure. Until his retirement in July 2008, Malik headed Pakistan’s telecom regulatory body as chair of the Pakistan Telecom Authority. The move came as a surprise and sparked confusion among officials at the U.S. Treasury and State departments, and National Security Council, according to people familiar with the matter, who asked not to be identified because the conversations were confidential. Telecommunications operators shall provide telecommunications subscribers with telecommunications services that are fast, accurate, secure, convenient and reasonably-priced. Under the Telecoms Regulations, interconnection of telecoms networks should be effected on the basis of the principles of technical feasibility, economic sense, fairness, impartiality and mutual complementation. It’s unclear whether NYSE’s reversal will have any impact on index providers, which help guide investments worth trillions of dollars. Logos of China Telecom, China Mobile and China Unicom seen during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai on November 5, 2018. The Ministry of Industry and Information Technology (MIIT) is the primary telecoms regulatory body in China. All rights reserved. “To implement the decision, and then four days later to backtrack -- that’s just odd.”, This is a sign of... a) weak leadership by Treasury and OFAC to allow misunderstandings 6+ weeks post-EO.b) rank ineptitude by the NYSE (it was premature to announce the delistings in any case b/c FAQ 857 noted OFAC would add subs to the list later, starting the 60d countdown) https://t.co/SOXGZ6wJpI. Foreign investors may only operate limited types of telecoms services in China. Telecom operators with less serious violations will go on the “poorly performed” list, and might attract administrative penalties. China has been a member of the WTO since December 10, 2001, and has made commitments under the GATS regarding telecommunications as set forth in Annex 9 (Schedule of Specific Commitments on Services) of the Protocol of Accession of the PRC, which includes the … • In line with the extension of special work arrangement announced by the Government on 19 January 2021, except for staff who provide essential services, other staff of the Office of the Communications Authority (OFCA) will continue to work from home up to 27 January 2021 …more; CONSUMER FOCUS The Internet Society of China is a leading self-regulatory body in China, whose mission is to promote the development of the internet in China and make efforts to construct an advanced information society, which has more than 1,200 members engaged in various activities related to the internet. Telecom stocks are trading mixed this morning after the Telecom Regulatory Authority of India deferred zero IUC for a year to January 2021. San Diego, CA (PRWEB) March 22, 2017 -- Clutch has prepared and published a report that consolidates key policy and enforcement trends from 26 international and domestic regulatory agencies across the U.S., the E.U., and Asia with an introduction by Clutch Regulatory Head and former FCA Supervisor, Charles Hastie. An entity is required to have a permanent establishment in China prior to commencing the provision of telecoms services. The licensing requirements and application process differ depending on the type(s) of licences required. Trump has imposed tariffs on imports from China and carried out an aggressive campaign against Chinese technology firms such as Huawei Technologies Co., measures that have often elicited retaliation from Beijing. Nevertheless, some Hong Kong and Macau investors, although technically treated as foreign investors by Chinese authorities, have been granted a VATS licence due to their special eligibility granted under the Closer Economic Partnership Agreements entered into between China and Hong Kong / Macau. The main responsibilities of MIIT in respect of the telecoms industry include: Formulating plans, policies, laws, regulations, and technical criteria for the information and telecoms … A BTS licence is valid for either five or ten years (depending on the type of telecom service involved) and a VATS licence is valid for five years. This article discusses the telecommunications industry in mainland China. Read more: TikTok, Hong Kong and More U.S.-China Flashpoints. China Telecom and its affiliates, including its U.S. affiliate, China Telecom Americas, denies the public reports. For example, business operators are required to disclose all information related to the services to consumers, and consumers have the right to privacy and to have their personal information protected when receiving a service. Telecoms operators must also meet the minimum registered capital requirements in order to be granted licences. Other forms of sanctions include rectification orders, warnings, fines, confiscation of illegal gains or criminal liabilities. Category 1 services (whether BTS or VATS) are more heavily regulated than Category 2 services, the reason being Category 1 services generally have more national economic or social impacts. Cisco Systems. Lesotho Lesotho Communications Authority. For BTS operators, the minimum registered capital is RMB 100 million for single province providers and RMB 1 billion for nationwide providers. The episode has added to a sense of confusion surrounding implementation of Trump’s order in the waning days of his administration. The telecommunications industry is subject to Value Added Tax. The company's New York-listed shares surged 10 per cent before the official open of US exchanges. BTS refers to the business of providing public network infrastructure, public data transmission and basic voice communications services. In separate statements, China Mobile, China Telecom and China Unicom said they will continue to monitor developments. India currently has a smartphone user base of over 300 million. The main responsibilities of MIIT in respect of the telecoms industry include: The Ministry of Industry and Information Technology, Address:  No. Importantly, the categorisation of services which fall within the scope of the licensing regime is particularly wide and covers traditional telecommunication service offerings, as well as extending to other types of technologies and services provided via the Internet. FTSE Russell declined to comment on Tuesday, while MSCI and S&P Dow Jones couldn’t immediately be reached. The NYSE’s initial delisting proposal, announced on New Year’s Eve, marked the first time an American exchange had unveiled plans to remove Chinese companies as a direct result of rising geopolitical tensions between the two superpowers. Foreign ownership limits for BTS is 49% for BTS and 50% for VATS. Consultant Tennessee Regulatory Authority dan.ray@tn.gov Cameron Reed Utilities Engineer California Public Utilities Commission cameron.reed@cpuc.ca.gov Alejandro Reyes Regulatory Compliance Counsel San Gabriel Valley Water Company arreyes@sgvwater.com Application for a BTS or VATS licence is free of charge. Single province licences are issued by the relevant local authorities to service providers that are only providing regulated services within a single province, municipality or autonomous region. China Mobile, the largest of the three, rose 5.1 per cent in Hong Kong on Tuesday. Team Telecom has only visited the two carriers twice in more than a decade. The Telecoms Regulations do not differentiate between the provision of services to businesses and consumers. While the authorities have the ability to levy fines against organisations who are operating without a licence, this method is not commonly used by the China authorities (or if any fines are levied these are seldom disclosed publicly). Generally speaking, foreign investment is subject to shareholding restrictions. China’s Foreign Ministry spokeswoman Hua Chunying said Tuesday that Beijing hopes the U.S. will respect the market and rule of law, and do things conducive to upholding order in the global financial markets. “They’ve had seven weeks to talk to Treasury about this,” Lundy said, adding that the department had published lengthy supplemental FAQs as well. DLA Piper is a global law firm operating through various separate and distinct legal entities. Order ¶ 8 (Mot. For further information about these entities and DLA Piper's structure, please refer to our Legal Notices. Telecom operators  with more serious violations will be listed as “dishonest’. Article 6. Any entity or individual who has not obtained the relevant telecoms operating licence is prohibited from providing such telecoms services. The provision of telecommunications services in the PRC is subject to a complex licensing regime depending on the type(s) of telecoms services offered. The Administrative Measures for the Licensing of Telecommunication Business (effective from 1 September 2017) further sets out the eligibility criteria for applying a telecoms licence. CMHK (China Mobile Hong Kong) ... TRA (Telecommunications Regulatory Authority, UAE) TSDSI (Telecommunications Standards … ... U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority didn't immediately reply … In a December article, Secretary of State Michael Pompeo discussed how U.S. investors are funding “malign PRC companies” whose shares are included in major indexes. A at 5–6). Spokespeople for the White House and the U.S. Securities and Exchange Commission didn’t immediately reply to requests for comment. China Mobile, the largest of the three, jumped 5.1% in Hong Kong on Tuesday. Travis Lundy, an Asia markets veteran and independent analyst who publishes on the Smartkarma platform, said in a tweet that the U-turn reflected “rank ineptitude” by the exchange and “weak leadership” by the Treasury Department. Formulating plans, policies, laws, regulations, and technical criteria for the information and telecoms industry, Managing public information and the telecoms network, in addition to the Internet, Supervising the telecoms and information services market, Coordinating with other government departments to formulate policies and standards for telecoms service fees, Allocating and managing radio frequency spectrum resources, Overseeing the security of the telecoms network. China Telecom China Unicom State Regulatory Commission of The People’s Republic of China (SRRC) National Radio Spectrum Management Center. It includes an overview of the regulatory environment, market highlights and comprehensive statistics. Like other countries in the world, China is experiencing an administrative dilemma because of technological convergence. WATCH: The NYSE says it no longer plans to delist Chinese telco giants. India's mobile phone subscriber base has reached the one billion users' mark, according to data released recently by the Telecom Regulatory Authority of India (TRAI), country's telecom regulator. China Mobile, the largest of the three, jumped 5.1% in Hong Kong on Tuesday. U.S. Surpasses 25 Million Covid-19 Infections, Merck Shuts Down Covid Vaccine Program After Lackluster Data, Travel Bans and Lockdowns Spurred by Variants: Virus Update, Tech Futures Rally; European Stocks Retreat: Markets Wrap, Germany Buys Covid Treatment Used by Donald Trump. This article is a list of the legal regulatory bodies that govern telecommunications systems … The PRC Telecommunications Regulations (the “Telecoms Regulations”), first issued by the State Council on 25 September 2000 (and subsequently revised on 29 July 2014 and 6 February 2016), covers licensing, fee collection, interconnectivity, operation and regulation of telecoms services in the Prc. CITEL (Inter-American Telecommunication Commission) Claro Brasil. ... Telecommunications Regulatory Authority Digital migration strategy for TV Broadcasting, Nov. 2008. Some investors are also starting to price in a scenario that the decision to halt delistings could be the start of a de-escalation in tensions between China and the U.S.”. The outlook may depend in large part on how U.S.-China relations evolve after president-elect Joe Biden enters the White House later this month. Santa Clara Valley Transportation Authority (2) Race Technologies Inc. (1) City of San Diego (1) 4Liberty (1) PacketFabric (1) MightyHive (1) City & County of San Francisco (1) University of California Berkeley (1) China Telecom Americas Corporation (1) Experience Level. American depositary shares in the companies — China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. — had been slated to … The Telecoms Catalogue sets out the relevant regulated services that fall within the different categories of BTS and VATS. Where the services are provided to consumers, providers should be mindful that the PRC Law on the Protection of Consumer Rights and Interests will also apply. Wall Street banks, in particular, have been pouring resources into the country after gaining unprecedented scope to operate there last year. A day after Sweden’s telecom regulatory authority banned Huawei and ZTE equipment in Sweden’s 5G networks on soon-to-be-auctioned spectrum, China… Liberia; China Unicom. DLA Piper Intelligence brings together knowledge sites that answer legal questions from our clients around the globe. Who should govern the Internet in China? Spokespeople for the U.S. Treasury Department and the Financial Industry Regulatory Authority declined to comment. The NYSE has faced criticism from some market watchers over the way it handled the situation. Biography. Chinese businesses without military links are also potentially vulnerable to delisting after Trump signed legislation with bipartisan support last month that could kick firms off U.S. exchanges unless American regulators can review their financial audits. Before it's here, it's on the Bloomberg Terminal. The NYSE’s reversal was “quite unexpected,” said Jackson Wong, director of asset management at Amber Hill Capital Ltd. in Hong Kong. The FCC regulates foreign carriers seeking to provide international telecommunications services between the United States and foreign points, but historically relied on Team Telecom to assess the national security and law enforcement risks associated with a foreign … The Classified Catalogue of Telecommunications Services (the “Telecoms Catalogue”) (effective from 1 March 2016) sets out the specifics and sub-categories of services that are regulated under the telecoms licensing regime. In general, an entity must obtain a telecoms operation licence in order to engage in telecoms business activities. For VATS operators, the minimum registered capital is RMB 1 million for single province providers and RMB 10 million for nationwide providers. Telecommunications regulatory authorities across the globe have launched innovative frameworks to facilitate the coordinated sharing of licensed spectrum, most … The telecom authorities will then perform a random inspection on selected telecoms operators. The Subcommittee’s report documents how Team Telecom had little engagement with China Telecom Americas and ComNet USA, until recently. The Ministry of Industry and Information Technology (MIIT) is the primary telecoms regulatory body in China. China approves 24.75-27.5 GHz and 37-42.5 GHz trials in the millimeter wave frequencies. While the impact on China Mobile and its two peers was always likely to be minimal given the bulk of their shares trade in Hong Kong, the delisting plan had heightened concerns about tit-for-tat sanctions between China and the U.S. as tensions between the superpowers simmer. Cross-provincial licences, on the other hand, cover the provision of nationwide regulated services, and are issued by the MIIT. VATS licences are further subdivided into single province licences and cross-provincial licences. China Telecom Americas, China Unicom Americas, and ComNet USA have been operating in the United States since the early 2000s. Their U.S. counterparts, meanwhile, are keen to avoid any ratcheting up of tensions that might curb their access to China’s vast economy. Read more: NYSE Just Gave China Inc. One More Reason to Leave: Shuli Ren. While China’s President Xi Jinping said in a congratulatory message to Biden in November that he hopes to “manage differences” and focus on cooperation, few expect tensions to ease anytime soon. China Telecom Corp. and . Regulatory environment of China's telecom and Internet sector 2.1.1. China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. all rallied on Tuesday. China: 2017 : August : Telecom Regulatory Authority of India : The Telecom Regulatory Authority of India releases a PDF that outlines the 5G standard draft and shows a timeframe for when 5G should be deployed around the world. Spokespeople for the U.S. Treasury Department, U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority didn’t immediately reply to requests for comment. This report presents key aspects of the China telecom market as it enters 2019. © 2021 DLA Piper. Each of BTS and VATS is further divided into a Category 1 and a Category 2 under the Telecoms Catalogue. For Hong Kong and Macau, see Communications in Hong Kong and Communications in Macau. His presentation discussed the telecommunications industry of East Asia. A look at the key features of the regulatory framework for the telecoms sector in China, including licensing regimes, spectrum use, universal service obligations, data protection and much more. In a recent report released by the Telecom Regulatory Authority, Reliance Jio continued to be the largest player in the country with a subscriber market share of 35.2% in September and a revenue market share of 38.2% in the second quarter. A lack of clarity on why NYSE changed course left investors to speculate over whether it was simply a result of the exchange initially misinterpreting the November executive order, or something with broader geopolitical implications. The company’s NYSE-listed shares were up 9% at 11.17 a:m. in New York, while China Unicom’s U.S. shares surged 14%. “There will certainly be a transition cost to China if the mood in the U.S. remains sour.”, — With assistance by Benjamin Bain, Tracy Alloway, Sofia Horta e Costa, Lananh Nguyen, Lucille Liu, Jeanny Yu, Ishika Mookerjee, Gregor Stuart Hunter, Nick Wadhams, Jennifer Jacobs, and Saleha Mohsin, Exchange’s reversal whipsaws investors after Monday selloff, China Mobile, China Telecom, Unicom rally in Hong Kong trading. The subcommitte called on Congress to mandate periodic review and renewal of licences granted to non-domestic operators, and provide new regulatory authority to a telecom security review committee created by President Trump in April.. Some industry sources expect closer scrutiny of "gray area" operations of foreign companies that had been tolerated when the regulatory authority was unified. Daniel Ray Telecom. “We don’t know as to how the Biden administration will pick up the baton that’s been left by the Trump administration,” said George Magnus, a research associate at Oxford University’s China Centre and author of “Red Flags: Why Xi’s China is in Jeopardy,” speaking on Monday before the NYSE’s reversal. The developments have unfolded in the last few weeks of the Trump administration, which for years has railed against China for what the U.S. president calls unfair trading practices. Mid Level (8) Senior Level (2) Entry Level (1) Chunghwa Telecom. Attorney Advertising. Telecoms business activities in China are divided into Basic Telecom Services (“BTS”) and Value-added Telecom Services (“VATS”). 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